FTSE tracker shares question - newbie

[texasjohn]

Are there share funds you can buy into that distributes you investment across the FTSE100/200 ETC?

Ignoring any costs of buying and selling shares, if I had invested £100 in the FTSE 100 when it was at roughly 3500 points and it is now 5300 points or so, would my 'fund' now be worth around £160, i.e. a %age increase in line with the increase in the 'points value' of the index?

If I were to now remove my £160 would the gain of £60 be taxed at 40%?

I have never traded shares either virtually or otherwise, so apologies for what might seem like a stupid question.

When the index was 3500 I had quite a bit of cash knocking about and I thought about buying some shares, hence the question (but a house came along and I used the money for the deposit so I didnt do so).

[Silver993tt]

texasjohn said:

If I were to now remove my £160 would the gain of £60 be taxed at 40%?

only if you have exceeded your tax free capital gains allowance, something like £7.5k per year.

[texasjohn]

Thanks.

[stuman79]

You could try looking at ETFs (exchange traded funds or ishares) there's a ftse 100 fund that invests across the ftse so in general if the ftse is up, the fund is too. Etfs are stamp exempt too which is a bonus and they are traded just like normal shares. There are loads of different funds eg ftse 100, 250, 350 as well as different Market sectors. Check out the link

[URL]http://uk.ishares.com/en/rc/about/about-etfs?[\URL]

might have to copy and paste the URL - not sure i'm creating the link properly.

[aztec]

You can but Tracker funds within most if not all online nominee accounts i ust lloyds and have tracker funds in my ISA